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Off Market
1/15

19 Lawrence St
Yonkers, NY 10705


HIGHLIGHTS

  • Large floor plans, would deliver with 4 vacant units
  • Individual gas boilers, tenant paid heat & electric
  • Close to the Ludlow Train Station, Saw Mill River Parkway & I-87
  • Qualified For Substantial Rehab / Rent Destabilization - Pending application for free market units

OVERVIEW

The Oak & Avery Group is pleased to present the sale of 19 Lawrence Street, located in the Park Hill section of Yonkers. The property is in proximity to the Ludlow Train Station, Saw Mill River Parkway, and Van Cortlandt Park. The building is comprised of One (1) Two-Bedroom apartment and Ten (10) Three-Bedroom apartments. All units have very large layouts (~1,200 SF) and are not railroad style. The property will be delivered with 4, possibly 5 vacancies all of which are move-in ready. All of the exiting tenants are on Section 8 vouchers except for one, and all are on 1 year leases. The entire building was vacated in 2017; immediately after, the owner infused over $300,000 worth of capital improvements (including kitchens, baseboards, rear porches, windows and entrance door) into the building which has qualified it for a substantial rehab/rent destabilization. The application has been submitted and is currently pending.

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

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% LEASED

-

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

16930

STORIES

5

YEAR BUILT

1967

PARKING SPACES

2

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

1800-001-000-00122-000-0037